Corsa Grants Incentive Stock Options

TORONTO, March 20, 2012 /PRNewswire/ - Corsa Coal Corp. (TSXV: CSO) announces
that the Board of Directors on March 19, 2012 has granted stock options
to purchase a total of 1,240,000 common shares to a number of
employees, which includes 300,000 granted to Paul Caldwell the Chief
Financial Officer.

The options granted are exercisable for five years at a price of $0.50
and subject to the terms and conditions of Corsa's Stock Option Plan
and TSX Venture Exchange approval. The options will vest one-third at
one year from the date of grant, one-third at two years from the date
of grant and one-third at three years from the date of grant. This
exercise price, which is above current market price, represents the
issue price of shares on the private placement completed in December
2011.

Information about Corsa

Corsa's primary business is the mining, processing and selling of
metallurgical coal, as well as actively
exploring, acquiring and developing resource properties consistent with
its coal business in Northern Appalachia.

The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.